Sunday, July 27, 2025
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Industrial

DevelopmentIllinoisIndustrialMidwest

Opus Begins Construction on Third Spec Industrial Building at Tollway Corporate Center in North Aurora, Illinois

by Kristin Harlow

NORTH AURORA, ILL. — The Opus Group has begun construction on the third and final building at Tollway Corporate Center in North Aurora. The 408,195-square-foot speculative project is a joint venture with Principal Asset Management. The building will feature immediate access to I-88 along with a clear height of 36 feet, 55 dock doors, four drive-in doors, 134 auto parking stalls and 94 trailer stalls. Completion is slated for December. Opus is the developer, design-builder, architect and structural engineer. Brian Kling and Reed Adler of Colliers and Dan Leahy and Packy Doyle of NAI Hiffman are marketing the space for lease. Opus completed the first two buildings at Tollway Corporate Center in December 2022. The properties are fully leased to Soligent Distribution, Karat Packaging and Ryder Integrated Logistics.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 18,924 SF Industrial Lease in Irving

by Taylor Williams

IRVING, TEXAS — Lee & Associates has negotiated an 18,924-square-foot industrial lease at 5325 FAA Blvd. in Irving. According to LoopNet Inc., the building features 24-foot clear heights, two dock-high doors and roughly 3,000 square feet of office space. Reed Parker of Lee & Associates represented the tenant, Reaction Audio Visual, in the lease negotiations. Mark Graybill and Ken Wesson, also with Lee & Associates, represented the landlord, Nuveen Real Estate.

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CaliforniaDevelopmentIndustrialWestern

Kearny Real Estate, Dune Real Estate Partners Plan Harbor Logistics Center in Santa Ana, California

by Jeff Shaw

SANTA ANA, CALIF. — Kearny Real Estate Company and Dune Real Estate Partners have announced plans to develop Harbor Logistics Center, a 163,000-square-foot industrial facility in Santa Ana.  The new property will replace a recently renovated office campus. Construction is projected to begin in the first quarter of 2024.  Kearny acquired the eight-acre office campus at 3130 and 3100 S. Harbor Blvd. in 2018. It hit the market a year later after Kearny completed a multi-million-dollar renovation and rebranded it as Elevate@Harbor. The office campus will be razed to accommodate the construction of the Harbor Logistics Center.

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AcquisitionsIndustrialMidwestMinnesota

MLG Capital Acquires Hampshire Technology Center in Bloomington, Minnesota

by Kristin Harlow

BLOOMINGTON, MINN. — MLG Capital has acquired Hampshire Technology Center in the Minneapolis suburb of Bloomington for an undisclosed price. The Class B flex industrial property totals more than 144,000 square feet across 14 acres. MLG acquired the asset in partnership with Hoyt Properties and plans to make interior renovations. Hampshire Technology Center marks MLG’s 25th investment in metro Minneapolis and the 11th acquisition within its MLG Private Fund VI, which launched in May 2022.

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AcquisitionsIllinoisIndustrialMidwest

Marcus & Millichap Arranges $4.1M Sale of Industrial Building in Mokena, Illinois

by Kristin Harlow

MOKENA, ILL. — Marcus & Millichap has arranged the $4.1 million sale of a single-tenant industrial building in Mokena, a southern suburb of Chicago. The 39,816-square-foot property is located at 9860 Clearvue Court in Will County. Built in 2006, the facility features a clear height of 28 feet, seven drive-in doors and one dock. Colony Hardware, a national provider of tools, equipment, supplies, products and rental/repair services to commercial construction and industrial industries, fully occupies the property. Brent Holder and Peter Doughty of Marcus & Millichap represented the seller, a private investor. Buyer information was not provided.

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100-New-England-Ave.-Piscataway
AcquisitionsIndustrialNew JerseyNortheast

JLL Brokers $26.5M Sale of Warehouse in Piscataway, New Jersey

by Taylor Williams

PISCATAWAY, N.J. — JLL has brokered the $26.5 million sale of a 101,381-square-foot warehouse located at 100 New England Ave. in the Northern New Jersey community of Piscataway. The industrial facility sits on eight acres and features a clear height of 24 feet, six loading docks and one drive-in door. Marc Duval, Jordan Avanzato, Frank Recine, Nicholas Stefans, Jason Lundy and Jose Cruz of JLL represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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IndustrialLoansNew JerseyNortheast

Webster Bank Provides Financing for 109,000 SF Industrial Building in Northern New Jersey

by Taylor Williams

PISCATAWAY, N.J. — Webster Bank has provided financing for a 109,000-square-foot warehouse and distribution center in the Northern New Jersey community of Piscataway. The building features a clear height of 24 feet, 24 loading docks and two drive-in doors and was fully leased to 19 tenants at the time of the loan closing. Michael Klein, Jon Mikula and Salvatore Buzzerio of JLL arranged the five-year, fixed-rate loan on behalf of the borrower, a joint venture between New Jersey-based Denholtz Properties and Boston-based Long Wharf Capital. The capital markets team involved in the deal did not specify how the loan proceeds would be used.

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IndustrialLeasing ActivityTexas

Finial Group Brokers 22,000 SF Industrial Lease in West Houston

by Taylor Williams

HOUSTON — Finial Group has brokered a 22,000-square-foot industrial lease in West Houston. According to LoopNet Inc., the building at 13750 FM 529 is situated within Vault 529 Industrial Business Park, a five-building complex. Jason Gibbons and Chase Tucker of Finial Group represented the undisclosed landlord in the lease negotiations. Chase Cribbs and Drew Donohue of Lee & Associates represented the tenant, SMP Industrial Control & Trading, a provider of power distribution equipment and other design solutions.

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AcquisitionsIndustrialNorth CarolinaSoutheastTennessee

GTIS Purchases Warehouses in Tennessee, North Carolina for $100M

by John Nelson

MT. JULIET, TENN. AND STATESVILLE, N.C. — GTIS Partners has purchased two warehouses located in Tennessee and North Carolina for more than $100 million. Together, the properties comprise 943,030 square feet. The seller(s) was not disclosed. Located in the Nashville suburb of Mt. Juliet, the first warehouse, Midway 840, totals 643,410 square feet and was leased to a global third-party logistics company at the time of sale. The second warehouse is located at 607 Meacham Road in Statesville, which is roughly 40 miles north of Charlotte, and totals 309,620 square feet. Dura Supreme, a Minnesota-based cabinet manufacturer, occupies 607 Meacham Road. The site features an additional 105,000 square feet for potential development.

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AcquisitionsIndustrialSouth CarolinaSoutheast

Highline, GCP Acquire 478,400 SF Industrial Property in Fort Mill, South Carolina

by John Nelson

FORT MILL, S.C. — A partnership between Highline Real Estate Partners and Growth Capital Partners (GCP) has acquired an industrial warehouse located at 4140 Pleasant Road in Fort Mill, approximately 20 miles southwest of Charlotte. The seller and sales price were not disclosed. Built in 2013, the building totals 478,400 square feet on 53.4 acres, with eight acres available for expansion. Child safety product manufacturer Britax Child Safety Inc. occupies the property, which was constructed as a build-to-suit project for the company and features 40,000 square feet of office space and a 49,560-square-foot air-conditioned component test area. GCP arranged the purchase on behalf of the partnership, which plans to develop an additional 200,000 square feet at the property. Casey Masters of Cushman & Wakefield represented the seller, an entity doing business as Charlotte IND TT LP, in the transaction.

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